Calculus VCT PLC Publication of a Prospectus (5911L)
September 13 2021 - 7:12AM
UK Regulatory
TIDMCLC
RNS Number : 5911L
Calculus VCT PLC
13 September 2021
For immediate release
13 September 2021
Calculus VCT plc (the "Company")
Publication of Prospectus
The Company has today issued a prospectus relating to a proposed
offer for subscription for the tax years 2021/2022 and 2022/2023 to
raise up to GBP10 million with an over-allotment facility of a
further GBP5 million (the "Offer"), following the approval of the
prospectus by the Financial Conduct Authority.
The Offer is now open and will close at 5.00 pm on 26 August
2022 (unless closed earlier or extended at the discretion of the
Board). Applications will be accepted (in whole or part) at the
discretion of the Board, but the Board intends to meet applications
on a 'first come, first served' basis.
In relation to the Offer, the Company's manager, Calculus
Capital Limited, has been appointed as promoter of the Offer.
Calculus Capital Limited is regarded as a related party of the
Company under the Listing Rules, therefore the terms of this
appointment constitute a related party transaction under rule
11.1.10 of the Listing Rules. Pursuant to a promoter agreement
dated 13 September 2021 relating to the Offer, Calculus Capital
Limited will receive a fee of an amount up to a maximum of 5.0% of
the amount subscribed under the Offer by Investors for acting as
promoter of the Offer. The Company has obtained written
confirmation from its sponsor, Beaumont Cornish Limited, that the
terms of the promoter agreement are fair and reasonable as far as
the shareholders of the Company are concerned.
The Prospectus has been approved by the Financial Conduct
Authority and will shortly be available to view at the online
viewing facility of the National Storage Mechanism at the following
website address:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the
Company website https://www.calculuscapital.com/calculus-vct/ .
Enquiries:
Calculus Capital Limited
020 7493 4940
Francesca Rayneau
Beaumont Cornish Limited, Sponsor
020 7628 3396
Roland Cornish
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